Danny Alexander MP Announces Government Reform To Oil & Gas Fiscal Regime
Dec 04, 2014, 12:11 PM
The Government have unveiled plans for reform of the tax regime for the oil and gas industry in Aberdeen today. It follows on from George Osborne's Autumn statement yesterday, where the supplementary charge was educed from 32% to 30%. Further measures revealed today include a new basin wide "investment allowance" to reduce tax rates for future investment and support for seismic surveys.